Active
12005 E 37th Avenue
Denver CO, 80239
$3,500,000
$180.93 per sqft
Active
19,344 sqft
Commercial
Built in 1996
**Exceptional Investment Opportunity in Prime Location - 6.1% Cap Rate, Absolute NNN** Presenting a rare chance to acquire a 19,000+ sf commercial industrial property in a high-growth market area. This one-story whole building is currently operating on an absolute NNN lease, boasting a compelling cap rate of 6.1%. This 37,000+ sf lot offers excellent visibility and signage opportunities. Situated just 1 mile from the Peoria Station A-Line + R-Line Light Rail / RTD Park and Ride, 2 miles from the Anschutz Medical/University Hospital, Children's Hospital Campus, 3 miles to the new Rocky Mountain VA Regional Medical Center, 4.8 miles from Dick's Sporting Goods Park and the Kroenke Victory Crossing development, and 15 minutes to DIA, this property is strategically positioned for success. The facility is currently leased to a long-term tenant through 3/31/2029, generating an impressive NOI. The lease includes an option to extend at a higher monthly rate through 3/31/2034. Meticulous maintenance has been a priority, evident as the building remains in top shape both inside and out. Updates are performed periodically by the tenant, with a full list of improvements including extensive HVAC, electrical, and plumbing modifications available by request. The mechanical systems are well cared for and the extensive parking complex is in excellent like new condition featuring 3 full-height door options, including dock height, drive-in, and rollup. During this long term owner's tenure the property has had a clean environmental and contamination record also free and clear of any encumbrances and easements. Owned and managed by a very involved and experienced Colorado commercial/industrial investor, this property has a history of extended sustainable tenancy and remains in A+ desirable condition. This is an exceptional opportunity for the astute investor looking to secure a prime commercial industrial property in a thriving area prime for growth and investment potential.
3272485
MLSⓇ ID
June 3, 2024
Listed
August 23, 2024
Updated
Map
12005 E 37th Avenue
Denver CO, 80239
Interior Features
Total Stories
1
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.86 Acres
Roof
Membrane
Sewer
Public Sewer
Other Property Details
Garage
No
Parking Total
0
View
No
County
Denver
Water Source
Public
Pool
No
Zoning
I-B, UO-2
1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.
2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.
3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.
4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
5. Equal Housing Opportunity - see logo above.
6. © 2020 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500, Greenwood Village, CO 80111 USA 7. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.
©2024 REColorado. All rights reserved.
Data last updated 12:40 PM UTC, 8/23/2024
